Study Guide

Learning outcomes

The student is able to
- analyse different aspects of free trade and protectionism
- explain the different tools of protectionism
- recognise the different levels of economic integration
- describe the basic mechanism of foreign exchange market
- explain the problems of developing countries in the world market

Implementation and methods of teaching

Contact sessions, assignments, presentations, lecture exam, individual studying, book exam.

The course will begin on week 3 with orientation lecture ( more detailed info and schedule will be delivered to the participants via Moodle ) and lasts until week 20.

Timing and attendance

The course will take place on spring term 2024 - periods III - V. More detailed schedule will be confirmed on first contact session ( week 3 ).

Learning material and recommended literature

All the material is going to be loaded to moodle ( files folder ) in the beginning of the course.

Learning environment

Contact sessions ( 10 - 12 sessions in all )
Assignments
Presentations
Lecture exam
Individual studying
Book Exam

Student time use and work load

Weekly sessions ( contact 2 x 45 minutes ).

Individual studying with defined literature ( downloaded to moodle ).

Contents

Free Trade vs. Protectionism
Economic Integration
Economic Policy
Foreign Exchange Market
EU and EMU
International Institutions
Developing countries - different aspects

Additional information for students: previous knowledge etc.

Prerequisite - basic knowledge concerning micro- and macroeconomics.

Contact sessions are arranged at the Lahti campus and the students must be present - so remote studying is not possible !!!

Assessment criteria

Assignments
Group work
Presentation
Lecture exam
Book exam

Assessment scale

1-5

Failed (0)

The student doesn' t pass the exams or doesn' t follow the deadlines concerning written assignments or doesn' t participate to the group works.

Assessment criteria: level 1 (assessment scale 1–5)

The student is familiar with basic concepts of international trade, foreign exchange market and international economic fluctuations.

Assessment criteria: level 3 (assessment scale 1–5)

The student is familiar with different aspects of free international trade and on the other hand protectionism.

Assessment criteria: level 5 (assessment scale 1–5)

The student is familiar with different international agreements and institutions and understands the benefits and disbenefits of globalization.